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February 11, 2010

A Greek Crisis Is Coming to the U.S.

Niall Ferguson, Financial Times

AP Photo

It began in Athens. It is spreading to Lisbon and Madrid. But it would be a grave mistake to assume that the sovereign debt crisis that is unfolding will remain confined to the weaker eurozone economies. For this is more than just a Mediterranean problem with a farmyard acronym. It is a fiscal crisis of the western world. Its ramifications are far more profound than most investors currently appreciate.

 

 

 

 

 

 

 

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TAGGED: America, Madrid, ATHENS, Lisbon

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